By Nafisa Eltahir (Reuters) – In early May, a loud explosion rocked Shambat, a neighborhood to the north of Sudan’s capital of Khartoum. Locals rushed to douse the flames devouring a makeshift dwelling that they say was ignited in an air strike. They were too late. Amid the smoldering debris, according to five witnesses, were…
By James Oliphant WASHINGTON (Reuters) – As Republican Ron DeSantis attempts to reset his flagging presidential campaign, one fundamental feature of the Florida governor’s candidacy remains constant: his willingness to antagonize corporate America over cultural and political issues. DeSantis last week ordered Florida officials to open a probe into the company that owns Bud Light…
BRUSSELS (Reuters) – Euro zone economic sentiment declined for a third consecutive month in July and by more than expected as the mood in industry, services and amongst consumers slipped, while inflation expectations continued to fall, data showed on Friday. The European Commission’s monthly survey showed economic sentiment in the 20 countries sharing the euro…
A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying monetary…
BERLIN (Reuters) – German inflation looks set to ease slightly in July, data from four economically key German states indicated. Compared with the same month last year, July inflation rates in Saxony, Baden-Wuerttemberg and Bavaria were down 0.1 percentage points from the year-on-year figures reported in June, coming in at 6.7%, 6.8% and 6.1%, respectively….
By Bernard Orr and Yimou Lee BEIJING/TAIPEI (Reuters) -Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof. The typhoon is the most powerful to make landfall in China this year and…
By David Milliken LONDON (Reuters) -England and Wales saw the most company insolvencies since 2009 during the second quarter of this year, government figures showed on Friday – a total which risks rising as higher Bank of England interest rates begin to bite. On a seasonally adjusted basis, 6,342 companies were registered as insolvent in…
TOKYO (Reuters) -Toyota Motor Corp said on Friday it will sell a stake worth about 250 billion yen ($1.80 billion) in telecoms company KDDI Corp as part of an effort to raise funds to accelerate vehicle electrification. The world’s largest automaker by sales last month unveiled sweeping plans to improve the driving range and cut…
By Munsif Vengattil GANDHINAGAR, India (Reuters) – U.S. chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual…
By Howard Schneider, Francesco Canepa and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a more cautious posture about further moves in a sign that a year-long round of global monetary tightening could be at an end. The…
